I love this thank you so much especially since CO-VID 19 <br><br> 8 grade student

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product cost

Inessa05 [86]

Answer and Explanation:

The Preparation of cash budget for each of the months of July, August, and September is shown below:-

Cash budget

For the month of July, August and September

July August September

Beginning cash balance $15,000 $15,000 $25,505

Cash receipts from

customer (Working note) $57,800 $67,200 $73,600

Total cash available $72,800 $82,200 $99,105

Less:

Cash disbursements

Direct Materials $16,160 $13,440 $13,760

Sales commission $6,400 $8,000 $4,800

(10% of sales)

Office salaries $4,000 $4,000 $4,000

Rent $6,500 $6,500 $6,500

Direct Labor $4,040 $3,360 $3,440

Overhead Cost $20,200 $16,800 $17,200

Interest on bank loan

For July (5,000 × 1%) $50

For August $46

($5,000 - $4,550) × 1%))

For September $0

Preliminary Cash

balance $15,450 $30,055 $49,405

Repayment of loan to

Bank $450 $4,550

($5,000 - $450)

Ending cash balance $15,000 $25,505 $49,405

Working Note

The ending balance of the particular month should be treated as a opening balance of next month

August ending balance will be forwarded in Sept as a opening balance.

Working Note

July August September

Sales $64,000 $80,000 $48,000

Less:

Ending accounts

receivable

(80% of sales) $51,200 $64,000 $38,400

Cash sales $12,800 $16,000 $9,600

Last month cash

collection $45,000 $51,200 $64,000

Cash receipts from

customer $57,800 $67,200 $73,600

Therefore we added the cash receipts as it increase the cash balance and deduct all cash payment as it decrease the cash balance

7 0

3 years ago

If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 700 units, and the beginnin

cluponka [151]

Answer:

Production= 25,250 units

Explanation:

Giving the following information:

Sales= 25,000 units

ending inventory= 700 units

beginning inventory= 450 units

To calculate the required production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 25,000 + 700 - 450

Production= 25,250 units

6 0

3 years ago

Zipcar: Creating Value in the Marketplace Zipcar: Creating Value in the Marketplace Nearly a decade ago, the founders of Zipcar

natta225 [31]

Complete Question

The complete question is shown on the first , second, third, fourth and fifth uploaded image

Answer:

1a

The correct option is C

1b

The correct option is D

1c

The correct option is C

1d

The correct option is C

Explanation:

1a. Zipcar is an example of what type of market...

Answer: value-based marketing

1b. Zipcar's goal is to have an available... Zipcar's goal is to have an available zipcar located within 10-15 minutes of its members. This is an example of what component of the marketing mix?

Answer:Place

1c Zipcar traditionally focused on marketing t... Zipcar traditionally focused on marketing toward individuals without cars as a convenient form of alternative transportation. Zipcar has now begun to also focus its marketing toward businesses and organizations to use Zipcar for their employees. This is an example of

Answer: B2B marketing

1d

1d. Which of the following statements about Zipcar illust... Which of the following statements about Zipcar illustrates how marketing can help to enrich society

Answer: One of Zipcar's core mission is to "change the world through urban and environmental transformation"

8 0

3 years ago

Data for March for Lazarus Corporation and its two major business segments, North and South, appear below: Sales revenues, North

JulijaS [17]

Answer:

Lazarus Corporation

A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

= $47,000.

Explanation:

a) Data and Calculations:

North South Total

Sales revenues $380,000 $230,000 $610,000

Variable expenses 213,000 104,000 317,000

Contribution $167,000 $126,000 $293,000

Fixed expenses:

Traceable 65,000 25,000 90,000

Common 84,000 72,000 156,000

Total $149,000 $97,000 $246,000

Operating income $18,000 $29,000 $47,000

b) Segmented income statement is prepared to show the contributions and operating income generated from different segments of the entity. It helps to evaluate performances of segments and to identify profitable or less profitable segments.

7 0

3 years ago

Bob is a manager at a local toyota dealership who has lost five of his employees during the last year. now he has to make a deci

Roman55 [17]

The problem that Bob will most likely face in terms of evaluation and feedback step in the decision making process is when Bob’s gathered information may be neglected when the plan that he has done has been a success or it has been a failure.

3 0

3 years ago

I love this thank you so much especially since CO-VID 19 8 grade student